XSLCX vs. RPIFX
XSLCX (Invesco Senior Loan Fund Class IC) and RPIFX (T. Rowe Price Institutional Floating Rate Fund) are both Bank Loan funds. Over the past 5 years, XSLCX returned 3.87%/yr vs 5.11%/yr for RPIFX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. XSLCX charges 1.60%/yr vs 0.57%/yr for RPIFX.
Performance
XSLCX vs. RPIFX - Performance Comparison
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Returns By Period
In the year-to-date period, XSLCX achieves a -0.74% return, which is significantly lower than RPIFX's 0.83% return.
XSLCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.03%
- YTD
- -0.74%
- 1Y
- -0.56%
- 3Y*
- 4.28%
- 5Y*
- 3.87%
- 10Y*
- —
- ALL TIME*
- 3.80%
RPIFX
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 0.78%
- YTD
- 0.83%
- 1Y
- 3.67%
- 3Y*
- 6.47%
- 5Y*
- 5.11%
- 10Y*
- 4.66%
- ALL TIME*
- 4.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
XSLCX vs. RPIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSLCX Invesco Senior Loan Fund Class IC | -0.74% | 4.54% | 6.88% | 9.95% | -3.06% | 8.31% | 1.15% | 7.58% | -0.23% | 2.53% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 0.83% | 6.71% | 8.47% | 10.13% | -1.96% | 4.67% | 2.42% | 8.82% | 0.39% | 3.32% |
Correlation
The correlation between XSLCX and RPIFX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.57 |
Over the past year, the correlation between XSLCX and RPIFX has dropped to 0.31 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
XSLCX vs. RPIFX — Risk / Return Rank
XSLCX
RPIFX
XSLCX vs. RPIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan Fund Class IC (XSLCX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSLCX | RPIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.51 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.49 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.46 | 8.13 | -8.59 |
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Drawdowns
XSLCX vs. RPIFX - Drawdown Comparison
The maximum XSLCX drawdown since its inception was -23.53%, smaller than the maximum RPIFX drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for XSLCX and RPIFX.
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Drawdown Indicators
| XSLCX | RPIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.53% | -25.10% | +1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -1.44% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.84% | -2.28% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -5.90% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.67% | — |
Current DrawdownCurrent decline from peak | -1.66% | -0.39% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -1.33% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 0.44% | +1.26% |
Volatility
XSLCX vs. RPIFX - Volatility Comparison
Invesco Senior Loan Fund Class IC (XSLCX) has a higher volatility of 0.38% compared to T. Rowe Price Institutional Floating Rate Fund (RPIFX) at 0.31%. This indicates that XSLCX's price experiences larger fluctuations and is considered to be riskier than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSLCX | RPIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.31% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.69% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 2.25% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 2.76% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 3.79% | +1.09% |
XSLCX vs. RPIFX - Expense Ratio Comparison
XSLCX has a 1.60% expense ratio, which is higher than RPIFX's 0.57% expense ratio.
Dividends
XSLCX vs. RPIFX - Dividend Comparison
XSLCX's dividend yield for the trailing twelve months is around 4.54%, less than RPIFX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIFX T. Rowe Price Institutional Floating Rate Fund | 5.80% | 7.22% | 7.77% | 6.53% | 4.12% | 3.94% | 4.29% | 5.12% | 5.16% | 4.32% | 4.31% | 4.45% |
XSLCX Invesco Senior Loan Fund Class IC | 4.54% | 6.75% | 8.60% | 7.87% | 8.89% | 4.85% | 4.32% | 4.82% | 5.06% | 2.19% | 0.00% | 0.00% |
Frequently Asked Questions
XSLCX and RPIFX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSLCX has higher volatility (0.38%) compared to RPIFX (0.31%). In terms of maximum drawdown, XSLCX dropped -23.53% vs RPIFX's -25.10%.
RPIFX currently has the higher Sharpe Ratio (1.60 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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